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IQ MacKay Shields Municipal Intermediate ETF (MMIT)

NYSEARCA: MMIT · IEX Real-Time Price · USD
26.60 0.02 (0.08%)
Oct 22, 2021 4:00 PM EDT - Market closed
Assets$228.59M
NAV$26.58
Expense Ratio0.30%
PE Ration/a
Shares Out8.60M
Dividend (ttm)$0.47
Dividend Yield1.77%
Ex-Dividend DateOct 1, 2021
1-Year Return
-
Volume76,097
Open26.56
Previous Close26.58
Day's Range26.56 - 26.61
52-Week Low25.75
52-Week High26.97
Beta0.03
Holdings430
Inception DateOct 18, 2017

About MMIT

The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.

Asset ClassFixed Income
RegionNorth America
IssuerIndexIQ
Stock ExchangeNYSEARCA
Ticker SymbolMMIT
Index TrackedBloomberg Barclays Municipal 1-15 Year Index

Top 10 Holdings

12.00% of assets
NameSymbolWeight
Fidelity® Inv MM Fds Treasury Only IN/A2.46%
CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5.25%N/A1.51%
ILLINOIS ST 5%N/A1.10%
TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0.767%N/A1.09%
NEW YORK ST URBAN DEV CORP ST SALES TAX REV 5%N/A1.08%
California Statewide Cmntys De Bds 4%N/A1.03%
CONNECTICUT ST 5%N/A1.02%
BOLINGBROOK ILL 0%N/A0.95%
HUDSON YDS INFRASTRUCTURE CORP N Y SECOND INDENTURE REV 4%N/A0.89%
VAN BUREN MICH PUB SCHS 4%N/A0.86%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Oct 1, 2021$0.029Oct 7, 2021
Sep 1, 2021$0.03059Sep 8, 2021
Aug 2, 2021$0.02981Aug 6, 2021
Jul 1, 2021$0.02562Jul 7, 2021
Jun 1, 2021$0.03068Jun 7, 2021
May 3, 2021$0.03261May 7, 2021
Full Dividend History

News

IndexIQ Debuts Active ESG Bond ETF

The fund is likely the first of its kind in the fixed income ETF space.

Other symbols:EAGGMMINNUBD
3 months ago - ETFcom

The Upheaval in Municipal Bonds Shows No Signs of Slowing

As the municipal bond market absorbs more inflows. assets like the IQ MacKay Municipal Intermediate ETF (MMIT) are worth considering.

4 months ago - ETF Trends

Are We Entering a ‘New Golden Decade' for Municipal Bonds?

With higher yields and more stability to offer fixed income investors, municipal bonds are all the rage in the debt market. A pair of active funds to consider are the IQ MacKay Municipal Intermediate ET...

Other symbols:MMIN
5 months ago - ETF Trends

Active Muni Bond ETFs Can Help Enhance an Investor’s Portfolio

The coronavirus pandemic triggered widespread market volatility, but it also offered an opportunity for active managers to position in attractively priced areas of the market. Fixed-income investors can...

Other symbols:MMIN
1 year ago - ETF Trends

ETF of the Week: IQ MacKay Shields Municipal Intermediate (MMIT)

ETF Trends CEO Tom Lydon discussed the IQ MacKay Shields Municipal Intermediate (MMIT) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. MMIT seeks current income exempt f...

1 year ago - ETF Trends

Active Muni ETFs to Better Navigate a Changing Landscape

As bond investors look to the current municipal bond landscape, one may consider targeted exchange traded fund strategies to incorporate munis into a diversified fixed-income portfolio better. In the re...

Other symbols:MMIN
1 year ago - ETF Trends

Insights into the Evolving Municipal Bond Market

Municipal bonds offer investors another avenue for income generation beyond the traditional Aggregate Bond Index exposures, providing opportunities to enhance and diversify yields. In the upcoming webca...

Other symbols:MMIN
1 year ago - ETF Trends